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Old August 15, 2012, 03:33 PM   #4
James K
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Join Date: March 17, 1999
Posts: 19,304
The circle P or sometimes just P on the bottom of the pistol grip is the usual proof mark on U.S. military rifles after 1900 or so. The inspector's cartouche is on the left side of the rifle above and behind the trigger guard.

To answer the OP's question, I have never seen a proof mark on an M1903 or 1903A3 that looked like that and IMHO it is a fake. The genuine circled "P" was marked with one stamp.

Jim
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